Tony Kim
20 Aug 2024 09:11
Binance Futures will be launching VOXELUSDT perpetual contracts with up to 50x leverage, expanding users’ trading options.
According to Binance.com, Binance Futures will be improving its trading products with the launch of VOXELUSDT perpetual contracts, which will allow traders to leverage their positions up to 50x.
Details of the new contract
VOXELUSDT Perpetual Contract will be available for trading from August 20, 2024 at 10:30 (UTC). This new derivative offers leverage of up to 50x, giving traders the opportunity to maximize potential profits despite increased risk.
The maximum funding rate at launch is set at +2.00%/-2.00%, and funding fee payments are made every 4 hours. Binance has stated that the specifications of this futures contract, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market conditions.
Multi-asset mode
Binance Futures supports multi-asset mode for VOXELUSDT contracts. This feature allows users to trade contracts across multiple margin assets, depending on the applicable haircut. For example, traders can use Bitcoin (BTC) as margin when trading VOXELUSDT perpetual contracts.
Terms of Use
VOXELUSDT Perpetual Contract is subject to Binance’s Terms of Use and the Binance Futures Service Agreement. Users are advised to carefully review these terms before engaging in trading activities.
Binance also released a disclaimer regarding the volatility of digital asset prices and the high market risks associated with futures trading. Traders are reminded that they are solely responsible for their own investment decisions and Binance is not responsible for any losses incurred. For more information on responsible trading practices, please visit Binance’s Responsible Trading page.
As the cryptocurrency market continues to evolve, Binance continues to lead by expanding its product offerings to meet the diverse needs of its user base. The introduction of the VOXELUSDT Perpetual Contract demonstrates Binance’s commitment to providing a comprehensive trading experience.
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